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PropertyBridge to Sponsor Web Seminar for Financial Institutions

Oakland, CA – March 17, 2009 - PropertyBridge, Inc., a MoneyGram company, and the leading provider of electronic payment services to the residential real estate management industry, today announced that it will sponsor a complimentary one hour web seminar on Wednesday, March 18, 2009 for financial institution professionals.

The web seminar, titled “Predictable Revenue Streams in Unpredictable Times: Tapping Into a $146 Billion Market,” will explore how and why financial institutions should offer a compelling vertical market payment solution for the property management industry.

Speakers include DeeAnne Clowes, Senior Vice President of Operations at Greystar Real Estate Partners, and Jason Gardner, Vice President of PropertyBridge. The web seminar will be moderated by Jeffrey Green, editor of Cards & Payments magazine, a SourceMedia publication.

Speakers will discuss how financial institutions can strengthen ties with existing clients and attract new property management customers by making it easier for them to collect rent and lease related payments from tenants. Attendees will also learn:  

• Strategies for boosting share in the flourishing property management/apartment rental market

• How to leverage existing ACH and credit/debit systems to boost fee income
• Strategies for gaining access to banking's next growth market: the nation's 10 million un-banked households
• How to obtain first-mover advantage in an under-developed online payments market

Attendees will learn that with so many aspects of the real estate market faltering, now is the time to lay the groundwork for exploiting new opportunities in multifamily rental payment processing with a vertical solution that meets the specific needs and requirements of this growing sector.

The web seminar is scheduled for 11:00 a.m. PST on Wednesday, March 18, 2009. Register at www.sourcemedia.com/webseminar/propertybridge to view the event live or on-demand.

About PropertyBridge, Inc.

PropertyBridge, a MoneyGram Company, is the leading electronic payments processor for property managers and real estate owners in the multifamily housing industry. The PropertyBridge Payments Platform enables residents to pay rent and other lease-related transactions using multiple payment types, including credit and debit cards, Automated Clearing House (ACH), check scanning (Check 21) and cash payments at more than 40,000 MoneyGram agent locations. PropertyBridge’s rent payment solutions are fully integrated with the accounting systems and business processes of property management firms. Residents can pay rent online, by phone or in person and set up recurring payments. The company collaborates extensively with financial services leaders including Visa USA, MasterCard, Discover Financial Services, American Express, Wells Fargo Bank and First National Bank of Omaha. MoneyGram, Inc. acquired PropertyBridge in October 2007.

Contact

Summer Palma
Marketing Manager
(510) 463-3033
spalma@moneygram.com